Regarding Input (Cenvat Credit)
This query is : Resolved
28 October 2009
Dear All,
Pl tell me whether it is necessary to take Cenvat Credit of Service tax on services received must be connected with services the company/firm provides.
or company/firm can avail input of every service for which it paid.
eg.
> A company pays for the repair of vehicle of director or asset of co. then service tax on the Invoice of Repair can be availed as Cenvat Credit.
> Service tax paid on rent of warehouse in which the goods of company/firm is put, Can we avail that S.Tax as Cenvat Credit??
(The rent of ware house is not connected with the services which the co. provides)
Pls tell me I am in a great Confusion.
Regards,
Pl tell me whether it is necessary to take Cenvat Credit of Service tax on services received must be connected with services the company/firm provides.
or company/firm can avail input of every service for which it paid.
eg.
> A company pays for the repair of vehicle of director or asset of co. then service tax on the Invoice of Repair can be availed as Cenvat Credit.
> Service tax paid on rent of warehouse in which the goods of company/firm is put, Can we avail that S.Tax as Cenvat Credit??
(The rent of ware house is not connected with the services which the co. provides)
Pls tell me I am in a great Confusion.
Regards,
28 October 2009
you should take credit on Service tax paid on rent of warehouse in which the goods of company/firm is put.
28 October 2009
i think , services related to concern covers to take input on service tax ie Service tax paid on rent of warehouse in which the goods of company but service tax paid on repair of Vehicle of Diretor not cover the concern so no input available
29 October 2009
Agree with Shaleen.
29 October 2009
It means we can take cenvat credit of every service if related to any line of business... not directly to services..
am I right???
am I right???
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